OLD_MILL_EQUESTRIAN_CENTR - Accounts

OLD MILL EQUESTRIAN CENTRE LTD - Company Information

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Company Registration No. 04524554 (England and Wales)

OLD MILL EQUESTRIAN CENTRE LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

OLD MILL EQUESTRIAN CENTRE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OLD MILL EQUESTRIAN CENTRE LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,944

3,702

Current assets

Stocks

1,320

1,380

Debtors

1,123

1,397

Cash at bank and in hand

13,175

12,206

15,618

14,983

Creditors: amounts falling due within one year

(63,726)

(65,915)

Net current liabilities

(48,108)

(50,932)

Total assets less current liabilities

(45,164)

(47,230)

Capital and reserves

Called up share capital

100

Profit and loss account

(45,264)

(47,330)

Shareholders' funds

(45,164)

(47,230)

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 June 2016

V Berkin

M Georgiou

Director

Company Registration No. 04524554

OLD MILL EQUESTRIAN CENTRE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support of the company's directors who have indicated that they intend to provide necessary facilities to enable the company to continue to trade for the foreseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% straight line

Fixtures, fittings & equipment

20% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 October 2014 & at 30 September 2015

5,208

29,025

34,233

Depreciation

At 1 October 2014

5,208

25,323

30,531

Charge for the year

758

At 30 September 2015

5,208

26,081

31,289

Net book value

At 30 September 2015

2,944

At 30 September 2014

3,702

OLD MILL EQUESTRIAN CENTRE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100